Creative & Innovative System Corporation (KOSDAQ:A222080) announced a private placement of 2nd series registered unguaranteed private convertible bonds for gross proceeds of KRW 10,000,000,000 on July 23, 2018. The transaction will include participation from new investors, SBI Growth Strategy M&A Fund for KRW 5,000,000,000 for KRW 3,500,000,000, SBI-Growth Ladder Konex Vitalization Fund No.2 for KRW 3,000,000,000, and SBI-KIS 2018 Fund for KRW 500,000,000, funds managed by SBI Investment Korea Co., Ltd. (KOSDAQ:A019550); and SBI-KIS Value Up Fund for KRW 1,500,000,000. The maturity date of bonds is July 25, 2022.

The bonds do not carry any coupon and yield to maturity%. The bonds are 100% convertible into common shares of the company at a fixed conversion price of KRW 3,142 per share into 3,182,686 shares. The conversion period start date is July 25, 2019 and end date is June 25, 2022.

The transaction has been approved by the company's board of directors. The subscription date and payment date is July 25, 2018.